Cal. Supreme Court Issues Good, Cautious Pension News
On July 30, the California Supreme Court rendered its much-anticipated decision regarding public pensions. Following are the background and overview of the Court’s decision; and relevance for LACERS Members and Retirees.
LACERS BOARD UPDATE: LACERS Improves Health Benefits As Retirees Focus on Fitness
The LACERS Benefits Administration Committee, which I chair, has just approved improvements to our health plans as part of its renewal of the health, dental and vision benefits for our members...
LACERS BOARD UPDATE: LACERS Adopts New Actuarial Assumptions
Whenever I write on the subject of actuarial calculations, I see eyes glazing over before I begin, so bear with me. Yes, changing LACERS’ actuarial assumptions may not sound important or thrilling, but..
Fernie ‘ELVIZ’ Ramirez is a Retiree on the Move.
Fernie Ramirez retired March 24 from LAPD Training Division’s Art Unit after 32 years of City service. He worked about 16 years at the L.A. Zoo and about 16 years with the LAPD as a Graphic Designer...
Canceling Is No Picnic
This year’s annual RLACEI summer picnic, scheduled for Aug. 6 at Grace E. Simons Lodge, has sadly but reasonably been canceled due to the ongoing coronavirus pandemic...
LACERS BOARD UPDATE: LACERS Adopts New Actuarial Assumptions
Whenever I write on the subject of actuarial calculations, I see eyes glazing over before I begin, so bear with me. Yes, changing LACERS’ actuarial assumptions may not sound important or thrilling, but..
Actuarial Studies, and Why They Matter
One of the most important things the LACERS Board does is to make sure the demographic and economic actuarial assumptions it is making about our plan are as accurate as possible...
A Note on COVID-19
The Board is confident that you are taking the proper precautions to stay as healthy and as safe as possible, following the policies that governmental agencies are recommending...
Best Wishes, Michael
Michael Karsch, longtime RLACEI Board Member and Alive! columnist on national pension matters, has resigned from both of those responsibilities to spend more time at home enjoying family...
The City’s Annual Contribution to LACERS
The Los Angeles City Employees’ Retirement System (LACERS) Board is charged with investing $18 billion to help ensure the retirement security...
